markets

Xi arrives in Hong Kong on first trip outside the mainland since the epidemic

Chinese President Xi Jinping is pictured here speaking during the unveiling of the Standing Committee of the new Politburo of the Communist Party on October 25, 2017 in Beijing, China. Lintao Zhang | Getty Images News | Getty Images BEIJING (Reuters) – Chinese President Xi Jinping arrived in the Hong Kong Special Administrative Region on …

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Jim Kramer warns that there is nothing stopping the former “darlings of the market” from dropping

CNBC’s Jim Cramer warned investors Friday that shares of some of the new companies that have seen smashing success during the pandemic are continuing to slide, and this may be just the beginning. “When your stock has no dividend support and doesn’t have a reasonable valuation against earnings — assuming it does — there is …

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Avoid “fake” tech companies that should never have been released to the public

CNBC’s Jim Cramer said Friday that many tech companies that have gone public in recent years are beginning to realize their mistakes, and he warned investors not to take their dollars elsewhere. “The companies here in San Francisco are just beginning to realize that they have over-expanded, and in many cases, some of these companies …

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The Fed will raise interest rates next week but Powell may be the most important

Federal Reserve Chairman Jerome Powell speaks at a press conference following the May 4, 2022 Federal Open Market Committee meeting in Washington, DC. Powell announced that the Federal Reserve will raise interest rates by half a percentage point to combat record high inflation. Wayne McNamee | Getty Images Next week may come to what Federal …

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5 things to know before the stock market opens on Friday, June 10

Here are the top news, trends and analysis that investors need to start their trading day: 1. Wall Street Decisively Falls After Another Hot Inflation Report Traders working on the floor of the New York Stock Exchange New York Stock Exchange US stock futures turned sharply lower after the inflation report before the bell on …

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Expect consumer price inflation in May to be very hot with rising gas, food and rent prices

Shoppers wear masks while shopping at a Walmart store, in North Brunswick, New Jersey, July 20, 2020. Eduardo Munoz | Reuters Economists expect inflation in May continued to burn, with costs for energy, food, rent and health care rising. According to Dow Jones, economists expect the consumer price index to rise 0.7% from 0.3% in …

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Biden announces standards for electric car charging stations

US President Joe Biden announced the release of 1 million barrels of oil per day for the next six months from the US Strategic Petroleum Reserve, as part of the administration’s efforts to lower gasoline prices, during remarks in the South Courtroom of the Eisenhower Executive Office Building at the White House in Washington, March …

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Elon Musk says the show will take 3 or 4 years

SpaceX CEO Elon Musk stands at the base of a prototype Starship rocket at the company’s facility in Boca Chica, Texas. Steve Jurvetson on Flickr Elon Musk told SpaceX employees last week that the company is not likely to roll out its Starlink satellite business to the public until 2025 or beyond, CNBC has learned, …

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5 things to know before the stock market opens on Tuesday, June 7

Here are the top news, trends and analysis that investors need to start their trading day: 1. Wall Street prepares to open lower as bond yields remain high Traders work on the floor of the New York Stock Exchange, June 6, 2022. Source: NYSE US stock futures fell on Tuesday, as rising bond yields once …

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Lummis and Gillibrand want to enable CFTC and treat digital assets like commodities

The US Capitol Building in Washington, DC Liu Ji | Xinhua News Agency | Getty Images Despite the enthusiasm of Wall Street and Main Street to own cryptocurrency as a new investment idea and store of value, the speed with which cryptocurrencies entered major US markets caused commensurate concern to US regulators, who were only …

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